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it is credible that the economy is doing better. in that case you are not so worried about the fed making a mistake and tapering toussaint. lou: tapering toussaint, as if we knew what time they should begin their tapered. whatever the decision made by the fed, which meets in the middle of the month, what is it, the 19th? >> i believe the 18th and 19th. lou: whatever decision they make right now, that the move in this one person rally suggests investors are prepared to take their medicine, let them take away the punch bowl, however you want to construct it. >> at this point it may have been discussing tapering for over half a year. the markets have pretty much built in right now. the big issue, are we going to be able to live without so much stimulus. the data suggests that we are. lou: the stimulus and the economy and the markets. as a result of the fed pulling back on cue eat whenever the number may be, what is your judgment on the way that we are going to go into 2014 and now we're going to end u both in the markets and economy? >
it is credible that the economy is doing better. in that case you are not so worried about the fed making a mistake and tapering toussaint. lou: tapering toussaint, as if we knew what time they should begin their tapered. whatever the decision made by the fed, which meets in the middle of the month, what is it, the 19th? >> i believe the 18th and 19th. lou: whatever decision they make right now, that the move in this one person rally suggests investors are prepared to take their medicine,...
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you will find all kinds of workers in these fast-food places because the economy has been bad. the bottom line the district of columbia provide for a minimum wage. walmart opened tir doors. in fact we were surprised to learn starting wage at walmart is $9.25 per hour, even now. we had great impact. they were talking 8.25 per hour. we'll take it to $11.50 with indexing after 2016. we not heard any opposition from walmart. melissa: you were understanding that 23,000 people applied for 600 jobs at walmart that means that 2.6% of the people who applied, that is how many actually got a job there. there were plenty of people who want those jobs. they obviously don't think they're bad jobs. why do you feel like you have to so dramatically change the wage there if it looks like it is working just fine? >> it is not working fine. the bottom line is th600 people that will be working there will be receiving minimum wage. we brought costco into the district of columbia. air average hourly wait is $21. melissa: average associate wage at walmart is 12.87. >> that is the average wage. but i'v
you will find all kinds of workers in these fast-food places because the economy has been bad. the bottom line the district of columbia provide for a minimum wage. walmart opened tir doors. in fact we were surprised to learn starting wage at walmart is $9.25 per hour, even now. we had great impact. they were talking 8.25 per hour. we'll take it to $11.50 with indexing after 2016. we not heard any opposition from walmart. melissa: you were understanding that 23,000 people applied for 600 jobs at...
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rowe price, we understand the connections of a complex, global economy. it's just one reason over 70% of our mutual funds beat their0-year lipper average t. rowe price. invest with confidence. with investment infmation, risks, fees and expenses to read and consider refully before investing. with investment infmation, risks, fees and expenses stick with innovation. stick with power. stick with technology. get the flexcare platinum. new from philips sonicare. ♪ [ male announcer ] 1.21 gigawatts. today, that's easy. ge is revolutioning power. supercharging turbines with advanced hardware and innovative software. using data predictively to help poweentire cities. so the turbines of today... will power us all... into the future. ♪ melissa: whether on wall street or main street, here is who made money, anyone that owns twitter. despite a scathing letter from berkshire hathaway hammering twitter, they led a mini-rally, closing up 5.6%, nice. cofounder evan williams owns 57 million shares of twitter. he made wait for it -- $132 million today. i would say that
rowe price, we understand the connections of a complex, global economy. it's just one reason over 70% of our mutual funds beat their0-year lipper average t. rowe price. invest with confidence. with investment infmation, risks, fees and expenses to read and consider refully before investing. with investment infmation, risks, fees and expenses stick with innovation. stick with power. stick with technology. get the flexcare platinum. new from philips sonicare. ♪ [ male announcer ] 1.21...
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making sure that our economy works for every worki american. that is why i ran for president. this includes decreasing mobility, which poses a fundamental threat to the american dream come our way of life, and what we stand for around the globe's. lou: lou: i hate to point it out to the president and the president has been in office for five years. for crying out loud. the economic failures arenot that of george w. bush, they are not of bill clinton, they are of hits. yes, the obama record poses a fundamental threat to millions of americans and he's got that right. take a look under mr. obama. the income gap, four times faster has expanded four times faster than it did under president george bush. under president obama, 6.7 americans in the millions have fallen into poverty. the same o that had the audacity to stand before the cameras and speak as though he had absolutely been uninvolvee and policies for the past five years. it's an extraordinary thought. the number of workers receiving disability benefits under his administration over the course of the past five years has ris
making sure that our economy works for every worki american. that is why i ran for president. this includes decreasing mobility, which poses a fundamental threat to the american dream come our way of life, and what we stand for around the globe's. lou: lou: i hate to point it out to the president and the president has been in office for five years. for crying out loud. the economic failures arenot that of george w. bush, they are not of bill clinton, they are of hits. yes, the obama record...
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basically a economy without a lot of dynamism. 2% would be okay if we were full employment, economy's potential, somewhere around 2 1/2%. liz: interesting to me we're saying, very thing some people in congress asked for, particularly conservatives, slim down, cut back, they did. you're saying that because of those cutbacks that is the drag on the economy? >> absolutely. i mean in other contexts you could talk about the private sector making up the gap but when we're still so far full employment, so much excess capacity, no one rushes out to invest because the local government laid off school teachers or federal government laid off air traffic controllers. doesn't make any sense. we need the demand in the economy. we're just not getting it. liz: what should we be doing? we've done what one side wanted to do, that is cut back on government jobs. we've done what the democrats wanted to do, the president got a stimulus passed. president bush went through with the tarp and bailed out the auto industry. yet we're not seeing the job growth or unemployment rate at levels we need to see it at.
basically a economy without a lot of dynamism. 2% would be okay if we were full employment, economy's potential, somewhere around 2 1/2%. liz: interesting to me we're saying, very thing some people in congress asked for, particularly conservatives, slim down, cut back, they did. you're saying that because of those cutbacks that is the drag on the economy? >> absolutely. i mean in other contexts you could talk about the private sector making up the gap but when we're still so far full...
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the economy is doing well. bad news for the economy is good news for stocks because that means we will get more qe. stocks for the next six months are a pretty good upside. historically after we come off of it. like we have been through in 2013 with 25 to 30% gain in equities, the first quarter is five to 10% of appreciation because of the momentum carrying us on. we are pretty safe place here for equities for the first two quarters of next year. dagen: what are people doing with their money? particularly in terms of the fixed income fund. >> we have seen some money go out, particularly relative to stocks, what is interesting as we are still getting money in the money market fund. our taxable money market fund, a whopping 0.01%, the fund is there the all-time highs meeting people are still scared. >> we're still growing, we are seeing big inflows into the floating rate funds, we are committed to sticking out the cycles, so we're not having a problem with flows that the others are. dagen: i wanted to bring up so
the economy is doing well. bad news for the economy is good news for stocks because that means we will get more qe. stocks for the next six months are a pretty good upside. historically after we come off of it. like we have been through in 2013 with 25 to 30% gain in equities, the first quarter is five to 10% of appreciation because of the momentum carrying us on. we are pretty safe place here for equities for the first two quarters of next year. dagen: what are people doing with their money?...
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rowe price, we understand the connections of a complex, global economy. it's just one reason over 70% of our mutuafunds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and coider carefully before investing. lou: harry reid giving advice to the republicans, telling the las vegas sun that if they ever want to see a gop president again, they must sign on to immigration reform. good news for amnesty advocate. speaker boehner hiring a high-profile adviser that is well known for helping senator john mccain passed amnesty and speaker boehner telling several business individuals that he will start holding immigration votes after the deadline for the 2014 midterm. so maybe we have a sense of what we can expect. you don't have to tell the chamber of commerce that the speaker is working to enact immigration reform. donohue issued everyone that speaker boehner would do exactly that. we will find out. we are back with monica, matt, and dav
rowe price, we understand the connections of a complex, global economy. it's just one reason over 70% of our mutuafunds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and coider carefully before investing. lou: harry reid giving advice to the republicans, telling the las vegas sun that if they ever want to see a gop president again, they must sign on to immigration...
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economy will global economy continues to grow. cheryl: they can't cut any more. and productivity. >> you will start seeing revenue increases, and the economy as a whole, earnings by cutting and creating more. and increase third quarter gdp is an anomaly, and as a whole you take that and say things wwll get better, more products gets old and services rendered in 2014. cheryl: the bigger question for the markets, we are down a few points. and to make that -- >> a string of economic data don't have a string, one or two data points at best. today's data there's a caveat for each of those points, and because of the thanksgiving holiday associated with that. we are far away from actual tapering, december and january, the problem in january a transition period. and it is where it goes. >> march bite be a little early. they want to telegraph any move, the biggest fool is forward guidance. so you see them talk about capering and talk about capering more and more before they do it so i would expect them to have three or four different fomc minutes, increased likelihood of
economy will global economy continues to grow. cheryl: they can't cut any more. and productivity. >> you will start seeing revenue increases, and the economy as a whole, earnings by cutting and creating more. and increase third quarter gdp is an anomaly, and as a whole you take that and say things wwll get better, more products gets old and services rendered in 2014. cheryl: the bigger question for the markets, we are down a few points. and to make that -- >> a string of economic...
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>> the economy is certainly doing better. the lead indicators, manufacturing, some of the retail numbers have certainly improved since we last talked. employment numbers are eight bit better. still not great, but it is better. the lagging one is the inflation. i think things have improved enough that maybe the injured forward enough. i suspect a very legitimate debate to move at the december meeting. so it is coming in the next few months. connell: let me go back there one more time. you talk about the fact valuations in several areas were stretched now here we are 16,035 or thereabouts). now the economy is picking up, the market still above 16,000 the pullback with friday's big again. what about the valuations as you see them today? >> they were the triple digit nasdaq companies, some of which are still fairly expensive. the market overall i don't think you can power the table and say it is cheap anymore, but it is not expensive relative to my other choices. so dependent on the u.s. and global economy that does somewhat bett
>> the economy is certainly doing better. the lead indicators, manufacturing, some of the retail numbers have certainly improved since we last talked. employment numbers are eight bit better. still not great, but it is better. the lagging one is the inflation. i think things have improved enough that maybe the injured forward enough. i suspect a very legitimate debate to move at the december meeting. so it is coming in the next few months. connell: let me go back there one more time. you...
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adam: is a good economy are good news for the economy good news for the market? why he thinks the taper will be harmless for stocks. cheryl: congress getting in the way of business? uncertainty in washington driving companies to look overseas. that story coming up as "markets now" continues. adam: markets are rallingly on better than expected news out of jobs report. we want to head back to the floor of the new york stock exchange and nicole petallides. the dow is up what, more than 150 points at this point? >> right now 173 points to the upside. 15,994 at highest point. we did cross the 16,000 mark. we are seeing gains. saw better than expected jobs numbers for the month. so that was some good news. and we've got plenty of names hitting all-time highs like google and yep motors. i want to take you to take a look at boston scientific, a name with an up arrow up 4 1/2%. they had their ratings raised to outperform from market perform. that is some good news there over at cowan. the fact that they're working with spinal cord simulator. working with them as well. tha
adam: is a good economy are good news for the economy good news for the market? why he thinks the taper will be harmless for stocks. cheryl: congress getting in the way of business? uncertainty in washington driving companies to look overseas. that story coming up as "markets now" continues. adam: markets are rallingly on better than expected news out of jobs report. we want to head back to the floor of the new york stock exchange and nicole petallides. the dow is up what, more than...
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it's updating its survey of its members for the 2014 economy. it sees the unemployment rate remaining, averaging, rather, about 7% for the full year next year unchanged from where it is now. it sees non-farm payrolls rising a bit from the current monthly pace to about 200,000 jobs a month on average next year. it also sees the s&p 500 finishing next year, next december 31st at 1850. that's just a 2% rise from its current level, right? and navy members see the fed starting to taper in the first half of 2014 helping to send the ten-year treasury up to 3.25% up from about 2.85% today. but how much confidence can we have in this forecast? well, they've gotten some numbers right and some numbers wrong in the past, and the members are all over the map with the outlook for economic growth with an average of 3% gdp growth for next year, an average of all the members, but with a range of 1.9% to 4%. and the group predicts the unemployment rate will average 7% next year, as i just said, when it hit 7% last month in part due to fluctuations in the number o
it's updating its survey of its members for the 2014 economy. it sees the unemployment rate remaining, averaging, rather, about 7% for the full year next year unchanged from where it is now. it sees non-farm payrolls rising a bit from the current monthly pace to about 200,000 jobs a month on average next year. it also sees the s&p 500 finishing next year, next december 31st at 1850. that's just a 2% rise from its current level, right? and navy members see the fed starting to taper in the...
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the economy may be turning around. it is not going to be where it should be, they refused to take the lead and help businesses. they are together, it is a shared responsibility and went businesses do their job and congress is not doing theirs, they had to start reading up on capitol hill with the hous housd senate and the protected. adam: oil is holding steady in today's trade, so the prices come too far, too fast? let's turn to phil flynn in the trading pits of the cme. explain, what happened. >> i don't know if it is so much wti came up too much, too fast, or the fact everybody was unwinding. the main feature was to buy brand, that with the trade going to the end of the year. now with supplies the u.s. at the highest level since the 1930s, production coming on and reversal of the keystone pipeline from pushing down is going to bring the spread back in. a lot of this what you are seeing is an offset. how much upside do you have? can we really push above $100 in that environment? probably not. this is the one if you wa
the economy may be turning around. it is not going to be where it should be, they refused to take the lead and help businesses. they are together, it is a shared responsibility and went businesses do their job and congress is not doing theirs, they had to start reading up on capitol hill with the hous housd senate and the protected. adam: oil is holding steady in today's trade, so the prices come too far, too fast? let's turn to phil flynn in the trading pits of the cme. explain, what happened....
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what all that means to the economy in just a minute as a . and so on the young on the health care law. how to convince young people to sign-up. who will talk about that and changing the game. and a big miscue could open the door for one big entrepreneur with a big idea for the league. we will get into that in just a few minutes. there you go. shares of tesla seeing heavy volume up to 12%. nicole is back with us for that. nicole: the down near record lows, 10,905. see if it holds up. and watching the automakers very closely, tesla in particular because morgan stanley makes a top pick, risk-reward is their favorite saying tesla has been beaten down. over the last three months it is down over 20%. of course we have heard of the model as fires and they are still thinking that was not substantial to sell off the stock in that manner so the habit as a top pick. $153 price target, at 138.96. you may remember to approach the $200 market earlier this year but it is of about 12% on the news. auto sales for november here at home and in japan the automak
what all that means to the economy in just a minute as a . and so on the young on the health care law. how to convince young people to sign-up. who will talk about that and changing the game. and a big miscue could open the door for one big entrepreneur with a big idea for the league. we will get into that in just a few minutes. there you go. shares of tesla seeing heavy volume up to 12%. nicole is back with us for that. nicole: the down near record lows, 10,905. see if it holds up. and...
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Dec 8, 2013
12/13
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ALJAZAM
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quantity matters more than economy, still, this economy is starting to get more real. >> if you like your doctor, you can keep him, as long as why your doctor is still in your network approximate. >> smokers beware. a company says if you light up, there's no job for you. this is real money. >> this is real money, you are the most important part of the show, join our live conversation on twitter. this is a glass, and it's full. it's not half empty, it's no the half full. it's full. this glass represents the government's employment report. five years after the worst recession since the great depression, america's economic recovery appears to be on solid footing. in november, the u.s. economy added 203,000 net new jobs. that is coming off revised figures that now prove we've added almost 200,000 new jobs a month since the summer. so far, the economy is up 2.1 million jobs this clear. 2013 is likely to be the best year for hiring since 2005. now, all those new jobs tarting to make a real dent in the unemployment rate. it fell to 7% in november, a drop of .3 from october and lowest in fiv
quantity matters more than economy, still, this economy is starting to get more real. >> if you like your doctor, you can keep him, as long as why your doctor is still in your network approximate. >> smokers beware. a company says if you light up, there's no job for you. this is real money. >> this is real money, you are the most important part of the show, join our live conversation on twitter. this is a glass, and it's full. it's not half empty, it's no the half full. it's...
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Dec 9, 2013
12/13
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CSPAN2
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well, when you invest in job security programs, how much do you end up stimulating an economy in terms of the job growth in business growth and overall gdp? and it's actually greater than that. you get back about a dollar 70 for what you invest. there are four different groups watching this with the same number and the irony is that we have figured out a while ago and they actually calculated this number is a multiplier for themselves and undergo the stimulus internally while recommending this as well. texas figured out a long time ago during the savings and loan crisis, california and massachusetts help desk, which no texas politician remembered well. and so we have seen us, we have seen is manifesting out with changes that have correlated to the changes in recovery across a number of countries and this begs the question, how will this work? for example in 1997, we would have cut back on a variety of spending. this includes spending increases and want to spend on. and then in fact, it is quite the opposite. preventing food stamps in general, welfare systems, people come off as the eco
well, when you invest in job security programs, how much do you end up stimulating an economy in terms of the job growth in business growth and overall gdp? and it's actually greater than that. you get back about a dollar 70 for what you invest. there are four different groups watching this with the same number and the irony is that we have figured out a while ago and they actually calculated this number is a multiplier for themselves and undergo the stimulus internally while recommending this...
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Dec 4, 2013
12/13
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ALJAZAM
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it will be good for our economy and our families. [ applause ] >> number four, as i alluded to earlier, we still need targeted programs for the communities and workers that have been hit hardest by economic change in the great recession. these communities are no longer limited to the inner city. they are found in neighborhoods hammered by the housing crisis, manufacturing towns hit hard by years of pant plant -- plants packing up. land locked rural areas where young folks feel like they need to leave just to find a job. so we have put forward new plans to help these communities and their residents because we watched cities like pittsburgh or my hometown of chicago revamp themselves, and if we give more cities the tools to do it, not hands out, but a hand up, industries like detroit can do it too. so in a few weeks we'll announce the first of these promise zone where we're support local efforts, focused on national goals. ♪ [ applause ] >> and we're also going to do more for the long-term unemployed. for people who have been out of work for more than six months often through no fault
it will be good for our economy and our families. [ applause ] >> number four, as i alluded to earlier, we still need targeted programs for the communities and workers that have been hit hardest by economic change in the great recession. these communities are no longer limited to the inner city. they are found in neighborhoods hammered by the housing crisis, manufacturing towns hit hard by years of pant plant -- plants packing up. land locked rural areas where young folks feel like they...
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Dec 9, 2013
12/13
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KCSM
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i think it is highly unlikely it is extremely beneficial to the national economy fricking is largely responsible for the booming us energy production. whitney like that they fear they could be left to pay the price for her every week there's another tremor and another cracking her house she says she can't even sell it and leave the area. we live now from the year we would of thought that all this was going to go out later in lebanon all of a wasteland remember me here and sam in our stock. while energy companies of rubbing their hands in anticipation of gigantic profits from people who live just steps away from gas wells are increasingly fearful of all the water that the drink about the land that their homes are staying the night and they don't trust the government assessment of the damage from cracking because they say the oily gas industry will make sure that no conclusive study comes out it even if it does come out that he doesn't become a basis for effective regulations in texas and then they shut down or tea. now lets his breakdown for you when people ascend warned about the can
i think it is highly unlikely it is extremely beneficial to the national economy fricking is largely responsible for the booming us energy production. whitney like that they fear they could be left to pay the price for her every week there's another tremor and another cracking her house she says she can't even sell it and leave the area. we live now from the year we would of thought that all this was going to go out later in lebanon all of a wasteland remember me here and sam in our stock....
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Dec 2, 2013
12/13
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CSPAN
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in south carolina, small businesses make up half of our economy. sadly, these hardworking business owners have been suffering devastating setbacks due to the president's job-destroying policies. more recently, the failed implementation of obamacare has forced higher taxes and extensive regulations on these employers. this unfriendly business climate has prevented small business owners from expanding and creating jobs. while traveling in south carolina's second congressional district, i continuously hear from small business, the national federation of independent business and employees who are plagued with uncertainty. smaller paychecks, inability to meet insurance requirements and reduced hours are some of the concerns. congress must work together to replace obamacare with commonsense solutions that has long proposed by congressman tom price of georgia. in conclusion, god bless our troops and we will never forget september 11 and the war on terrorism. congratulations to steve spurrier and the president for the gamecock victory saturday. the speaker
in south carolina, small businesses make up half of our economy. sadly, these hardworking business owners have been suffering devastating setbacks due to the president's job-destroying policies. more recently, the failed implementation of obamacare has forced higher taxes and extensive regulations on these employers. this unfriendly business climate has prevented small business owners from expanding and creating jobs. while traveling in south carolina's second congressional district, i...
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Dec 8, 2013
12/13
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CSPAN2
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so he made it very clear that he wants to try to take the steps to try to get the economy going on in consistent basis and bring unemployment down. he is going to propose a number of tax cuts or tax preferences as well as spending increases to try to do that and that may exacerbate the short-term but then he pivoted which i think is important to talk about the structural deficit. and that is what threatens the state. it's not the ice that is above the water. it's the ice that is below the water. it's not the debt on the balance sheet, it is what is off the balance sheet that disrupts the future and he talked about three things, he talked about freezing a portion of discretionary spending, less than 20% of the federal budget for three years. three years is better than one book, and you know, frankly it is a modest first step especially since discretionary spending has increased 20% plus over the last two years in the second we talked about supporting the pedro rule the senate might be voting on right now. there's lots of holes big enough to drive a truck through and on the other hand i
so he made it very clear that he wants to try to take the steps to try to get the economy going on in consistent basis and bring unemployment down. he is going to propose a number of tax cuts or tax preferences as well as spending increases to try to do that and that may exacerbate the short-term but then he pivoted which i think is important to talk about the structural deficit. and that is what threatens the state. it's not the ice that is above the water. it's the ice that is below the...
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Dec 4, 2013
12/13
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WJLA
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>>alez, or abc 7 president obama is taking a break from promoting health care and focusing on the economy. the president is calling on congress to increase the minimum wage. he argues growing income inequality and stagnant wages threaten upward mobility and retirement security. >> i believe this is the defining challenge of our time, making sure our economy works for every working american. ran for president, the center of last year's campaign, to drive everything i do in this office. >> we will have highlights and reaction tonight at 5:00. >> the health care law is getting a grilling on capitol hill. there is a live look there. partners atur news politico have learned that 29,000 people signed up on healthcare.gov signed up on sunday. that's more than the entire several october. intersections closed because of a gas leak in tysons cner. the gas line broke near cambridge road. drivers are being asked to avoid that area. the judiciary and public safety committee holding a hearing. they are focusing on the vacancies in paramedics and fire in umass. they will also look at a scathing audit. t
>>alez, or abc 7 president obama is taking a break from promoting health care and focusing on the economy. the president is calling on congress to increase the minimum wage. he argues growing income inequality and stagnant wages threaten upward mobility and retirement security. >> i believe this is the defining challenge of our time, making sure our economy works for every working american. ran for president, the center of last year's campaign, to drive everything i do in this...
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will soon be the dom and economy in the world and it's a metro link that economies would want to trade and you want. and our team has lined up plenty of stories for you on our website including hiding his light pope francis is rumored to venture out of vatican at night dressed as a priest to meet a homeless in rome had to argue home for more on this. last one of the festive season underway spirits are high in the russian capital an hour in motion section there's a video from the heart of moscow where traditional christmas fare accu dry ice rink opened for the public. cut right from the sea the little search tree limbs and i think the church. played. on our reporters put her. on the instrumental. to be in the middle of a mob. led. her . to leave the. economic ups and downs in the fun at. the longer the deal and the rest of the. case it will be every week a month a. police. told reminder to all but i will only react to situations i have read the reports like the ones in the know i will leave them to the state department to comment on your letter play the money to save lives or carry a ca
will soon be the dom and economy in the world and it's a metro link that economies would want to trade and you want. and our team has lined up plenty of stories for you on our website including hiding his light pope francis is rumored to venture out of vatican at night dressed as a priest to meet a homeless in rome had to argue home for more on this. last one of the festive season underway spirits are high in the russian capital an hour in motion section there's a video from the heart of moscow...
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Dec 2, 2013
12/13
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CSPAN
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but when we talk about an open economy, a bottom-up economy, those are our principles. and the world they live in, open things is better than closed things. bottom-up is better than top- down. to connect in their world -- obamacare didn't fail because, hey, they just didn't happen to do this right. it failed because of the same reason that other stuff fail. it is old. it is top-down. it is factory. our principles are always fresh and new ideas if we just become about them in ways that say, hey, our principles are good for more than just saying no. we have a way to better organize society, solve problems, open school system, where parents get to actually choose the best school for their kids and you go get trapped in a failing school. an open health care system. an opened economy where you don't have political top-down decisions. those are the kind of things that will work better for you. >> i want you to join in with what we are talking about here and the positive message and the constructive way forward to but also, if you can talk about the energy revolution. so many
but when we talk about an open economy, a bottom-up economy, those are our principles. and the world they live in, open things is better than closed things. bottom-up is better than top- down. to connect in their world -- obamacare didn't fail because, hey, they just didn't happen to do this right. it failed because of the same reason that other stuff fail. it is old. it is top-down. it is factory. our principles are always fresh and new ideas if we just become about them in ways that say, hey,...
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Dec 6, 2013
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the economy added 203,000 jobs last month. that's 20,000 more than many of those economists had predicted. another surprise, the unemployment rate fell to 7% from the 7.3% a month earlier. that happens to be a five-year local and a real sign the economic recovery may be gaining some momentum. our christine romans is in new york watching all of these numbers for us. how significant are they, christine? >> it's significant, wolf. now you've got a trend in place for the year, you've got more than 2 million jobs on track to be created the best since 2005. it has been pretty in israble since the recession and the bubble burst and to say you're going to have jobs growth, on track for jobs growth, the best since 2005 is significant. you want it see these numbers, 200,000 a month and more and want to see it continue. the unemployment rate going down to 7%, wolf, the white house acknowledges that one of the big reasons, the big reason why it went down to 7% is because people newly unemployed were having an easier time finding a job. th
the economy added 203,000 jobs last month. that's 20,000 more than many of those economists had predicted. another surprise, the unemployment rate fell to 7% from the 7.3% a month earlier. that happens to be a five-year local and a real sign the economic recovery may be gaining some momentum. our christine romans is in new york watching all of these numbers for us. how significant are they, christine? >> it's significant, wolf. now you've got a trend in place for the year, you've got more...
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will soon be the dom and economy in the world and it's a natural link that economies would want to trade and you want. and our team has lined up plenty of stories for you on our web site including on a cover of the night find out what the pope is doing when darkness stands on the vatican city. and see for yourself. plus with the sounds of season underway spirits are high in the russian capital in our in motion section there's a video from the heart of moscow where a traditional first was fair and a huge ice rink opened for the public. right to see. first street. and i think the true. on our reporters were very. instrumental. in the. now britain's amadou suppliers are under fire after the government pledged to cut bills but this comes as little comfort to the thousands of u.k. families stuff below the poverty line and still on able to heat their homes even where the promised help are these tests are silly has more. it's that time of year again when temperatures drop and to bill soar as the heating calm ozon. zero. zero zero zero. people here protesting saying that it was out of the can to
will soon be the dom and economy in the world and it's a natural link that economies would want to trade and you want. and our team has lined up plenty of stories for you on our web site including on a cover of the night find out what the pope is doing when darkness stands on the vatican city. and see for yourself. plus with the sounds of season underway spirits are high in the russian capital in our in motion section there's a video from the heart of moscow where a traditional first was fair...
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Dec 6, 2013
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down and increasing payroll across the country to drive the economy. i would join you in supporting the legislation passing the jobs bill that we have for so long. what we need is to pass legislation to create jobs and we are just waiting for the leadership to do so. >> i can appreciate that it is jobs. we may disagree on what stimulates jobs. ideal even lower taxes, less regulation, less government interference and certainly we will have some other questions today to indicate to the impact of the aca. what i've heard today about, and i'm a small business guy. we have the mantra grow or die and if you don't, you aren't doing what you should as a notch up in orbit growth requires capital. accounts receivable, inventory, etc. any and all dollars wasted on the regulatory burden such as the business aggregation rules and hiring a tax expert is in fact the dollar that is not available to invest and grow. so i get gas briefly we have a lot of members to ask questions, but just to reaffirm, i think i heard it in your testimony, but we would like to go down th
down and increasing payroll across the country to drive the economy. i would join you in supporting the legislation passing the jobs bill that we have for so long. what we need is to pass legislation to create jobs and we are just waiting for the leadership to do so. >> i can appreciate that it is jobs. we may disagree on what stimulates jobs. ideal even lower taxes, less regulation, less government interference and certainly we will have some other questions today to indicate to the...
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Dec 6, 2013
12/13
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the american economy added 203,000 jobs in the month of november. much bigger than the 180,000 that economists were predicting. this pushes the unemployment rate down to 7%. this is particularly good news in retail. it's good news for construction. and it's really good news for women. as we have seen for quite some time now, women are getting jobs much more quickly than men and the latest data show that continues. so the unemployment rate falling from 7.3 to 7%. good news, the lowest it's been in fact in five years. back to you. >> thanks so much, scott. >>> a california couple who had bought the home where walt disney was born plans to turn it into a museum. he was born in this chicago home 112 years ago. according to the couple's spokesman restoration will start in january and they hope it will be complete by december 5th of next year which would have been his 113th birthday. the home is said to be built by disney's father and designed by his mother. walt disney lived in that house until he was 4 years old. >>> get ready for bat kid the sequel. af
the american economy added 203,000 jobs in the month of november. much bigger than the 180,000 that economists were predicting. this pushes the unemployment rate down to 7%. this is particularly good news in retail. it's good news for construction. and it's really good news for women. as we have seen for quite some time now, women are getting jobs much more quickly than men and the latest data show that continues. so the unemployment rate falling from 7.3 to 7%. good news, the lowest it's been...
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Dec 10, 2013
12/13
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. >> what really matters to this company is that the economy has to do well. the economy is going to do a little better in 2014 and 15. >> they say it came off of a stronger earnings, but the bears are demanding that it cut costs, plus, gold is slower than usual, as for taradatter, there are concerns, the analysts are a bit cautious this year, wondering whether the economy will be strong enough to turn them into darlings in 2014. >>> and cisco will buy its rival, u.s. foods, creating a giant. we begin the focus there. after a $3 and a half billion deal is final, cisco expects annual sales to grow about $6 billion. the company will have a quarter of the food distribution market in the u.s. and u.s. foods will take a 13% stake in the company. shares were trading at an all-time high today, up more than $37. >>> and package food company white way is buying private earth bound farms for $600 million, white way is the parent of dairy brands like silk and organic, they're the largest produce brand in north american, shares of white way grew to $22.92. >>> and mcdonal
. >> what really matters to this company is that the economy has to do well. the economy is going to do a little better in 2014 and 15. >> they say it came off of a stronger earnings, but the bears are demanding that it cut costs, plus, gold is slower than usual, as for taradatter, there are concerns, the analysts are a bit cautious this year, wondering whether the economy will be strong enough to turn them into darlings in 2014. >>> and cisco will buy its rival, u.s....
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Dec 6, 2013
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economy, a new report reveals the job picture is rienthing and unmroement is falling. a severe wind and ice storm is moving east. hundreds of thousands are without power, and travel problems are building. ♪ >>> in south africa and around the world people are k looking at the legacy of nelson mandela. meanwhile funeral plans are ama and the first lady will be there to pay their respects. here are some of the details of what is to come. on tuesday decemb10th an official public memorial will be held in johannesberg. his body will lay in state for three days. the memorial's culminate with a state funeral. finally, mandela will be buried on sunday december 15th. >> reporter: tributes are being paid and prayers made for the icon. and now the world can officially say good-bye to nelsonela on december 10th which will be the official memorial service. and then for the following three days his remains will lay in state. but before then south africans will have a chance to remember the man who change lives forever. >> we have declared the 8th of december as a national day of pr
economy, a new report reveals the job picture is rienthing and unmroement is falling. a severe wind and ice storm is moving east. hundreds of thousands are without power, and travel problems are building. ♪ >>> in south africa and around the world people are k looking at the legacy of nelson mandela. meanwhile funeral plans are ama and the first lady will be there to pay their respects. here are some of the details of what is to come. on tuesday decemb10th an official public memorial...
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Dec 5, 2013
12/13
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but jeffrey summers is associate professor of political economy and policy tell the ball you integration the brink but the crank and the eu. it may appear attractive to the protesters but i don't think the long run it's going to serve the ukrainian people well to become part of an enlarged european union which is by the way. the theory kind of strong new liberal trajectory so what's the more social the people are looking at me think about the european union is one which is being euthanized as we speak the people see that the people in the eu be paid in full the tutors holocaust until the big toe. what a great market that be for you could get a few craig comes close to it. because the sole significant mackenzie credit so that one of the book out west is the money for that well i did but people certainly are not. i think that's in the usa when you hear about. brittany here but from cheer to everyone who when to cut down home but said and that benefit increases the cold but it right you'll see him the people of course. and that will constitute a veritable to carry people who live a very pre
but jeffrey summers is associate professor of political economy and policy tell the ball you integration the brink but the crank and the eu. it may appear attractive to the protesters but i don't think the long run it's going to serve the ukrainian people well to become part of an enlarged european union which is by the way. the theory kind of strong new liberal trajectory so what's the more social the people are looking at me think about the european union is one which is being euthanized as...
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Dec 9, 2013
12/13
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you could harm the economy that way. on the other hand, you have to look ahead and say can we keep doing everything we're doing once the economy recovers, and the answer is no. it just doesn't add up. it's a matter of math that our spending is going to exceed be revenues by an amount that what happens is you have to borrow money to make up that difference, and you have to pay interest on that money, it's like trying to live off of your credit card. eventually, it becomes unsustainable. so, you know, the point is not that you need to cut somebody's social security benefits in this year to try to balance the budget or next year or the next few years. what you need to do is look at the commitments and how are you going to pay for them and come up with something that over time is going to be sustainable. and that's really what the grand bargain is about. it's not about austerity. people sometimes think, well, this is, you know, why are you trying to push austerity in a bad economic time. and we've really got two problems. we
you could harm the economy that way. on the other hand, you have to look ahead and say can we keep doing everything we're doing once the economy recovers, and the answer is no. it just doesn't add up. it's a matter of math that our spending is going to exceed be revenues by an amount that what happens is you have to borrow money to make up that difference, and you have to pay interest on that money, it's like trying to live off of your credit card. eventually, it becomes unsustainable. so, you...
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Dec 10, 2013
12/13
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economy. we've got big head winds from europe, from the currency, from ongoing deleveraging from households, we need to provide a lot of stimulus. but that stimulus can create risk. you mentioned the housing market, that's one example. we need to take other steps in order to reduce those risks. manage those risks, mitigate those risks and if we -- because if we don't we're going to create bigger problems down the road or we're going to have to pull back too soon on monetary policy which is the last thing we want to do. >> rose: we conclude with michael dell who just completed taking his company private. >> what i will say is that i'm very proud that during the time our company was public our stock appreciated over 13,500%, which was 27 times the amount of the s&p 500 during that same period. so, yeah, we missed something. everybody misses some things but we built one heck of a business. it's still one heck of a business and now it's growing at double digit rates and we're investing for the fut
economy. we've got big head winds from europe, from the currency, from ongoing deleveraging from households, we need to provide a lot of stimulus. but that stimulus can create risk. you mentioned the housing market, that's one example. we need to take other steps in order to reduce those risks. manage those risks, mitigate those risks and if we -- because if we don't we're going to create bigger problems down the road or we're going to have to pull back too soon on monetary policy which is the...
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Dec 4, 2013
12/13
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economy is growing but so is the income gap between the rich and the poor. president obama will talk about how to change that and other aspects of the economy when he speaks at a washington think tank in just a few minutes. mike viqueira joins us from washington. mike, good morning, what are some of the main points the president is expected to address? >> reporter: you are right, the president turning a page now after the last two months healthcare.gov debacle. he is going to talk about the grows gap between rich and poor. it's not a new story or a new subject for president obama. he talked ariel castro it two years ago in a benchmark speech in kansas. and he spoke a little bit about in this year's state of the union. the top 1% in this country have seen their income triple over the course of the last 28 years, meanwhile the middle class has scene their income grow at a modest 1% on average over the course of that same time annually. so the president will be talking about that. he'll be talking once again renewing his call to raise the minimum wage. a lot of
economy is growing but so is the income gap between the rich and the poor. president obama will talk about how to change that and other aspects of the economy when he speaks at a washington think tank in just a few minutes. mike viqueira joins us from washington. mike, good morning, what are some of the main points the president is expected to address? >> reporter: you are right, the president turning a page now after the last two months healthcare.gov debacle. he is going to talk about...
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Dec 6, 2013
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the jobs report is good news for the economy. the white house has a slightly different take on why the numbers keep going up. mike viqueira is at the white house for us. and mike, okay, i'm interested. what is the white house's take. >> reporter: there is a paint by numbers aspect ever since the obama administration took office. yes, the unemployment rate has largely gone down. private sector employment has increased for two years running now. the white house will say its good news but there is more work to be done. that's what they said today. the better the economy improves, that gdp rate that came out and shocked everything in the third quarter. 3.6% growth. that's nearly rebust but not near full employment strength. >> i think we just lost mike. we did. my apologies. still ahead on al jazeera america. the latest on the wintery blast causing problems in several states. >>> and trying to keep a deadly conflict from growing worse. plans to stop a slot center africa. that's next. >> bitter cold ice and heavy snow battering the so
the jobs report is good news for the economy. the white house has a slightly different take on why the numbers keep going up. mike viqueira is at the white house for us. and mike, okay, i'm interested. what is the white house's take. >> reporter: there is a paint by numbers aspect ever since the obama administration took office. yes, the unemployment rate has largely gone down. private sector employment has increased for two years running now. the white house will say its good news but...
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Dec 5, 2013
12/13
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the republicans continue to focus on strengthening the economy for middle class families. that's why we passed nearly 150 bills many of them will help our economy, they are still sitting in the united states senate. so you hear a difference, how republicans approach things and democrats approach things. he also used his time to rail against obama-care, the federal healthcare law, he says that's one of the other priorities that and getting the economy going less so than working on the unemployment benefit issue. >> and torment, the labor department releases the november employment numbers. stick with al jazeera america for full coverage of that important report. some fast food workers are striking in more than 100 cities. they are demanding an increase in the minimum wage, and pushing to make it easier to unionize. many are asking for $15 an hour. that's nearly twice as much as the average worker earned. raising the minimum wage will not hurt jobs. fast food chains already have a wage increase would drive up the prices. that is by far the hirest in the country. tonya mosley
the republicans continue to focus on strengthening the economy for middle class families. that's why we passed nearly 150 bills many of them will help our economy, they are still sitting in the united states senate. so you hear a difference, how republicans approach things and democrats approach things. he also used his time to rail against obama-care, the federal healthcare law, he says that's one of the other priorities that and getting the economy going less so than working on the...
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Dec 4, 2013
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economies say falling prices helped fuel the increase. more encouraging data, 215,000 jobs were created in november thanks to big games and manufacturing and construction. the report came just ahead of the important labor department numbers friday. >>> all these positive numbers not tran translating into gainse oh dow is found 65 points. >>> it's the most wonderful time of the year. coming up, new yorkers get ready to light up the rockefeller christmas tree. tÑ >> welcome back to al jazeera america. i'm stephanie sy. here are today's headlines. we update you on our breaking news out of florida. an opportunity was shot outside of orlando. the police are still searching for the gunmen. a school sports person said that the student was taken to the hospital in critical condition. >> obama: a dangerous and growing inequality in lack of upward mobility which has jeopardized america's basic dreamic you can work hard you can get ahead. >> the president said income inequality threatens the middle class and congress must make the economy work for
economies say falling prices helped fuel the increase. more encouraging data, 215,000 jobs were created in november thanks to big games and manufacturing and construction. the report came just ahead of the important labor department numbers friday. >>> all these positive numbers not tran translating into gainse oh dow is found 65 points. >>> it's the most wonderful time of the year. coming up, new yorkers get ready to light up the rockefeller christmas tree. tÑ >>...
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as the americanization you can look at the summit said as china seeking its own place in the global economy. with the yuan replacing the euro is the world's second most widely used currency to trade we hear expert opinion on what this means for international finance. it's not. well down to the choice between eating or heating the government advice to brits poor to pay their bills where next. is hives whole bill with rockets amid rapidly dropping temperatures we've got more on these stories in a couple of minutes. from countries rich in natural resources are the poorest africa is a colony it's a colony of the big corporations it's a calling of someone's home leaders who are under the thumbs of the big corporations so they have to beg from the world bank's development of social programs goes to pay back debts whole country is drowning under the amount of debt that they had and so every year they would borrow money. and they would use that same amount of money to pay back their. money. the wages of debt. economic down in the final call. but the the old saying i and the rest is doing me a littl
as the americanization you can look at the summit said as china seeking its own place in the global economy. with the yuan replacing the euro is the world's second most widely used currency to trade we hear expert opinion on what this means for international finance. it's not. well down to the choice between eating or heating the government advice to brits poor to pay their bills where next. is hives whole bill with rockets amid rapidly dropping temperatures we've got more on these stories in a...
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Dec 6, 2013
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thanks to rising population and growing economy. most of these workers have started asking no coat today and to find that the beach itself so they can be approached to see when yeo drastic cut my knee is on the team. the sa said she sits is disgraceful nose to toes. he and his team mate's to say to saddam babies in just one day. i'm happy i held his baby turtle for bud. these tombs were destined to die when the opportunity to save their lives. i think it's great. is that don't appear to us the teams it shows us that they are fought on the atp is fifty beats a doubt that the suit in the form on a looping been new friends. she did i expect to see. show it to any table of oman. no wonder people in northern and central areas of your time dealing with extremely stormy weather meteorologist at the mighty explains. it's at the right thing and put a winter storm is this mass and the north and mid section of the year. we have some pictures to show you from the british isles. a major storm hit northern europe and their stay in scotland and se
thanks to rising population and growing economy. most of these workers have started asking no coat today and to find that the beach itself so they can be approached to see when yeo drastic cut my knee is on the team. the sa said she sits is disgraceful nose to toes. he and his team mate's to say to saddam babies in just one day. i'm happy i held his baby turtle for bud. these tombs were destined to die when the opportunity to save their lives. i think it's great. is that don't appear to us the...
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Dec 6, 2013
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is that just because the economy really is booming down there? >> well, we're fortunate to be in texas for one thing, obviously. but it's more than that, it's real execution. and kind of a secret to our success, whatever success we've had, frankly, is finding the right people to execute for you. and we work hard at hiring teams from other competing organizations that can bring their business with them, and that's the organic growth we get. as you said, we haven't bought a financial institution ever. >> so this is one of the things also where you're a local bank for a state and not some out of towner? >> yes. that's exactly right, and i think that helps us too. we work hard at being local home fella to be able to do business with people that bank in texas, and we've expanded a little bit. you mentioned the mortgage warehouse business and a couple of other national businesses outside the state. but probably about 90% of our business is related to texas. >> let's talk about what is strong. we heard from one of the most -- biggest stocks today, a ret
is that just because the economy really is booming down there? >> well, we're fortunate to be in texas for one thing, obviously. but it's more than that, it's real execution. and kind of a secret to our success, whatever success we've had, frankly, is finding the right people to execute for you. and we work hard at hiring teams from other competing organizations that can bring their business with them, and that's the organic growth we get. as you said, we haven't bought a financial...
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are using and this is where the whole control issue is no longer available and let's talk about the economy take for the moment because in the east we deny that separatists they're taking control of the oil reserves well what opportunity and what chance do they have to sell latter oil themselves and use the money for their own ends well i think this one relates to the external market as long as there are countries and companies who are willing to purchase the oil whether from italy or from france or or the u.s. or for that i feel where there are countries who are willing to buy then certainly if you have the installations that you have the pipeline you have the building down of you could still some cells are oil and this oil which is being sold it is sold outside the control of the state so the locality would be the one they would receive the money this is how the scene at the present moment seems to be at least in part the government is still trying to continue to operate as a simple government whereby the minister of oil and limb. yeah deals with the other oil companies they sign contract
are using and this is where the whole control issue is no longer available and let's talk about the economy take for the moment because in the east we deny that separatists they're taking control of the oil reserves well what opportunity and what chance do they have to sell latter oil themselves and use the money for their own ends well i think this one relates to the external market as long as there are countries and companies who are willing to purchase the oil whether from italy or from...
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Dec 5, 2013
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salaries have to be based on the economy and what the economy in the area can bear. >> reporter: organizers say they are planning more protests in the future. danielle nottingham, cbs news, washington. >> well, the stars sure came out last night in rockefeller center. the christmas tree is now in place. mayor michael bloomberg turned on the lights that illuminated a dazzling display of 45,000 multicolored led lights. it's a 76-foot spruce tree from connecticut. it is part of a ceremony that dates back to 1933. this tree you see here will be on display till january 7. afterward it is will be milled into lumber and it will be donated to habitat for humanity. >>> the holiday decorations are up inside the white house. first lady michele obama helped usher in the christmas season with the help of members of the military. but the event will be remembered by some for the behavior of the first pooches. beau and sonny. sonny encountered 2-year-old crystyn at the ceremony. she was fine. her parents took in in stride. >> he hit me and bumped me. >> she is fine. she is an alabama-text girl. alabama dad
salaries have to be based on the economy and what the economy in the area can bear. >> reporter: organizers say they are planning more protests in the future. danielle nottingham, cbs news, washington. >> well, the stars sure came out last night in rockefeller center. the christmas tree is now in place. mayor michael bloomberg turned on the lights that illuminated a dazzling display of 45,000 multicolored led lights. it's a 76-foot spruce tree from connecticut. it is part of a...
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Dec 6, 2013
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the economy is getting stronger. you're also going to be seeing these numbers long-term investors who are betting on the economy actually buying in, short term investors might be more concerned about what the fed is doing. i think overall as christine romans my colleague just mentioned, this does mean that there is a higher probability of the fed beginning to taper at some point in the near future, obviously you have the fed the last meeting of the year coming up in two weeks, so people are going to be asking themselves what will this mean for tapering. it's not just about the jobs numbers. you want to see consistency and other positive economic data. we have car numbers, we have jobless claims, new home sales as well, all of that coming in very positively. you need to see consistency and be sure in the next couple of months you don't see a reversal, seasonal workers added for the holiday season being losing their jobs in the next few months. we need to see consistently but this brings to light fed tapering. >> zain
the economy is getting stronger. you're also going to be seeing these numbers long-term investors who are betting on the economy actually buying in, short term investors might be more concerned about what the fed is doing. i think overall as christine romans my colleague just mentioned, this does mean that there is a higher probability of the fed beginning to taper at some point in the near future, obviously you have the fed the last meeting of the year coming up in two weeks, so people are...